Today’s debt sale will whet the appetites of investors with a taste for exotic assets. Bank of China and China Merchants Bank will issue $81m in bonds composed entirely of non-performing loans. It is the first time since 2008 that China has let banks sell securities backed by their failed assets. If the sale goes well, more will follow. Officially, less than 2% of banks’ loans are bad, but analysts think the real ratio is at least triple that and rising as the economy slows. To safeguard their balance-sheets, China’s state-owned banks must offload their problematic assets. If the bonds are cheap enough, private investors and even foreign firms will be tempted. But the banks want to avoid big losses. Other government-owned firms—less sensitive to price, more sensitive to political duty—are thus the likeliest buyers. China Inc will shift its bad loans from one pocket to another.
Day 3
最后编辑于 ：
©著作权归作者所有,转载或内容合作请联系作者
- 文/潘晓璐 我一进店门，熙熙楼的掌柜王于贵愁眉苦脸地迎上来，“玉大人，你说我怎么就摊上这事。” “怎么了？”我有些...
- 文/花漫 我一把揭开白布。 她就那样静静地躺着，像睡着了一般。 火红的嫁衣衬着肌肤如雪。 梳的纹丝不乱的头发上，一...
- 文/苍兰香墨 我猛地睁开眼，长吁一口气：“原来是场噩梦啊……” “哼！你这毒妇竟也来了？” 一声冷哼从身侧响起，我...
推荐阅读更多精彩内容
- 设计结构如下 其中 component.module 是公共组件的模块。虚线的base.module 是暂时没有实...
